Edward Pickus - 19 Jul 2023 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Signature
/s/ Edward Pickus
Issuer symbol
SEAT
Transactions as of
19 Jul 2023
Net transactions value
-$4,463
Form type
4
Filing time
21 Jul 2023, 17:31:09 UTC
Previous filing
13 Jun 2023
Next filing
13 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise +1,817 +11% 17,873 19 Jul 2023 Direct F1
transaction SEAT Class A Common Stock Sale $4,463 -541 -3% $8.25 17,332 20 Jul 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEAT Restricted Stock Units Options Exercise $0 -1,817 -10% $0.000000 16,351 19 Jul 2023 Class A Common Stock 1,817 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 Represents shares sold pursuant to a mandatory "sell to cover" provision of the RSU agreement to satisfy tax withholding obligations arising in connection with the vesting and settlement of the RSUs.
F3 Represents the weighted average sale price of multiple transactions at prices ranging from $8.25 to $8.28 per share. The reporting person undertakes to provide, upon request from the staff of the SEC, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 The RSUs have vested and settled or will vest and settle, as applicable, in 16 equal quarterly installments beginning on January 19, 2022, such that the RSUs will become fully vested on October 19, 2025. The RSUs do not have an expiration date.